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Technology Stocks : OnSale Inc. -- Ignore unavailable to you. Want to Upgrade?


To: Don Westermeyer who wrote (865)3/9/1998 9:06:00 PM
From: Richard G. Woodland  Read Replies (2) | Respond to of 4903
 
Don Posted from you 10/21/97

I remember!

To: +Alec Epting (450 )
From: +Don Westermeyer
Tuesday, Oct 21 1997 12:58PM EST
Reply # of 865

I find it hard to believe the stock will hit $34 again anytime soon. The stock price has
actually drifted lower in the face of a huge 'internet' rebound. Check out AMZN and
YHOO over the last couple of days (very painful to me I might add).

The stock might not be going up for one of two reasons:
1. Earnings will dissapoint.
2. The secondary price has been leaked out and it is less than $28.

I still have some money to add to my ONSL short position (I never blow the whole
wad at once. IMO these stocks are a little two volatile for that).

Don

IMHO there are just three types of short sellers. Pro Money managers who use to insure their portfolios, pro hedge fund mangers who tend
to underperform S&P long term and day traders.

Day traders have skinny kids.
Happy trading
LONG ONSL



To: Don Westermeyer who wrote (865)3/9/1998 9:40:00 PM
From: tony pan  Read Replies (2) | Respond to of 4903
 
When I shorted ONSL last time, I got out at 22 3/4 luckily. I think it is about time to short it again. I think the magic number may be $35. We may need to wait the week of option expiration to see it back at $25. Good luck to both sides. hey, it is only money.